Canadian oil and gas company BlackPearl Resources recorded a 19% year-on-year increase in revenues to $58.3million in second quarter of 2013.
The company also registered a 10% output increase in Q2 compared to the first part of the year and a 127% increase in operational revenue for the same period.
The most profitable operations took place in the Blackrod development, where BlackPearl added two new pilot wells to an existing pair and took over 10 new sections of oil sands, hoping to increase output from the field by between 50 and 75 million barrels.
“We are pleased with the recent performance of the pilot at Blackrod,” said BlackPearl president John Festival.
“The pilot performance continues to demonstrate the project’s commerciality and we will continue to use the pilot to optimise our operating procedures as we advance our application for the first 20,000 barrel per day commercial phase through the regulatory approval process.”
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